Intercompany Agreements Relationship Manager

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Intercompany Agreements Relationship Manager, London

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Client:

Northern Trust Corporation

Location:

London, United Kingdom

Job Category:

Customer Service

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EU work permit required:

Yes

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Job Reference:

1f5575ef08b8

Job Views:

3

Posted:

26.04.2025

Expiry Date:

10.06.2025

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Job Description:

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role/Department

The Intercompany Arrangement (ICA) Relationship Manager, reporting to the Head of Service Governance Office, oversees the ICA processes for The Northern Trust Company (TNTC). This role is the primary owner of all ICA relationships between TNTC and its global legal entities. As both Service Recipient and Service Provider, the ICA Relationship Manager ensures the execution of ICA activities while managing associated risks throughout the intercompany relationships.

This position aims to facilitate, implement, and maintain a consistent ICA framework, collaborating closely with global partners.

The role also involves supporting the implementation, oversight, and sustainability of the ICA framework and target operating model, working with key functions and partners to ensure effectiveness.

Key Responsibilities

• Manage the execution, monitoring, and oversight of intercompany agreements across multiple legal entities, including data collection, stakeholder challenge, and reporting for Committees and Boards.
• Oversee supplier governance and contract management through service agreements and descriptions.
• Support communication and stakeholder engagement to promote outsourcing activities and manage change across the firm.
• Assist in responding to regulatory inquiries and follow-up requests.
• Support regulatory submissions related to outsourcing of critical services.
• Ensure functions manage and oversee their outsourcing risks.
• Monitor and escalate non-compliance issues.
• Drive execution of BAU and strategic enhancement activities according to best practices.
• Support junior team members in activity execution.
• Plan and execute large-scale projects to develop a best-practice outsourcing framework.

Skills/Experience

• Bachelor’s degree with relevant work experience, preferably in financial services, internal audit, or risk consulting.
• Degree in Accounting, Finance, Risk, or related field preferred.
• Strong understanding of third-party risk management.
• Knowledge of US and UK regulatory requirements (OCC, FFIEC, FRB, FDIC, PRA, FCA).
• Strategic thinking, credibility building, and stakeholder influence skills.
• Extensive outsourcing risk management experience in banking or financial services, including service governance and cost allocation.
• Deep operational and internal control knowledge.
• Experience in change and project management.
• Excellent communication skills, with ability to interact with senior management.
• Proactive process assessment and improvement skills.
• Strong organizational skills and ability to handle multiple priorities.
• Adaptability in a high-demand environment.
• Proficiency in Microsoft Office and data analytics tools like PowerBI.

Working with Us:

Join Northern Trust and be part of a flexible, collaborative culture committed to community support. We value internal mobility, accessibility of senior leaders, and a purpose-driven workplace. Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is dedicated to providing accommodations for individuals with disabilities. Contact our HR Service Center via email for assistance during the employment process.

We value inclusivity and flexibility, and we invite you to discuss your needs to help us achieve greater together.